Biden's Economic Crisis

President Biden and House Democrats’ out-of-control spending caused inflation to surge again in August, according to the Labor Department’s Consumer Price Index (CPI), which measures a basket of goods and services as well as energy and food costs.  CPI jumped 5.3% in August, which is nearly the fastest pace in almost 13 years. August’s CPI …

President Biden and House Democrats’ out-of-control spending has caused a key inflation index to hit a new record high. The producer price index (PPI) climbed at the fastest annual pace on record for the fifth consecutive month in August. BIDEN’S ECONOMIC CRISIS BY THE NUMBERS: Inflation is taxation, and it has gone up every month …

President Biden’s economic crisis continues as nearly half a million FEWER jobs were created in August than expected. CNN called the August report a “big disappointment” while CNBC said it was “terrible news” for the American economy. The August jobs report is the weakest of Joe Biden’s presidency, with 8.4 MILLION Americans remaining unemployed despite …

President Biden and House Democrats’ out-of-control spending caused a key inflation indicator to reach a new record high in July.  The Producer Price Inflation (PPI) index rose 7.8% over the last 12 months This is a new record high since the Bureau of Labor Statistics first began calculating the index in November 2010. BIDEN’S INFLATION …

President Biden and House Democrats’ out-of-control spending continues, and so does skyrocketing inflation. The consumer-price index rose 5.4% in July from a year earlier, matching the largest jump since right before the financial crash in August 2008.  Inflation is taxation and Americans are paying more for just about everything because of inflation.  BIDEN’S INFLATION BY …

The Senate passed President Biden’s reckless $3.5 TRILLION tax and spending spree bill in the dead of night. Self-described Socialist Senator Bernie Sanders authored this legislation, so it’s not surprising that this Socialist spending spree includes job-killing tax cuts and amnesty for millions of illegal immigrants.  WHAT’S IN BIDEN’S RECKLESS $3.5 TRILLION TAX AND SPENDING …

Inflation is taxation.  Now even CNN is forced to admit that President Biden and House Democrats’ out-of-control spending is causing Americans to earn less because of inflation. According to an analysis by Jason Furman, an economics professor at Harvard University, “compensation is now lower than it was in December 2019, when adjusted for inflation.” THE …

Brady on July Jobs Report: Movement on Closing Biden Jobs Gap Boosted by Ending Unemployment Bonuses President Biden is still nearly 300,000 jobs short of stimulus projections. With the July jobs report showing movement with lower unemployment and revisions upward of past months, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) released the following …

President Biden and House Democrats’ out-of-control spending continues to cause inflation to surge.  The Personal Consumption Expenditures (PCE) price index rose sharply again in June and the increase over the past year remains at a 13-year high.  THE BIDEN INFLATION BY THE NUMBERS:  The PCE price index rose a sharp 0.5% in June. It was …

The United States’ gross domestic product (GDP) grew at a “disappointing” 6.5% annual rate in the second quarter of 2021, falling well short of expectation.  This disappointing report can be directly attributed to President Biden and House Democrats’ policies, which are incentivizing Americans to stay out of the workforce.  Q2 GDP BY THE NUMBERS: The …